58 Austrian cryptocurrency platform Bitpanda has secured regulatory approval from the UK’s Financial Conduct Authority (FCA), allowing it to expand its services in the region. The approval enables Bitpanda to offer over 500 cryptocurrency assets to UK investors, aligning its local offerings with its European operations. FCA Greenlights Bitpanda’s UK Crypto Services With FCA approval, Bitpanda can now provide a wide range of crypto services in the UK, including staking, savings plans, and crypto indexes. The firm announced the milestone on February 12, marking a significant expansion in one of the world’s leading financial markets. “We currently have well over 500 cryptocurrencies listed on Bitpanda, which will make it the broadest range available to UK investors,” said Lukas Enzersdorfer-Konrad, deputy CEO of Bitpanda, in an interview with Cointelegraph. Re-Entry into UK Market After Regulatory Pause Bitpanda’s UK expansion comes after the company temporarily halted onboarding new users in 2023, following regulatory changes in UK crypto marketing rules. The FCA’s stricter Financial Promotions (FinProm) Regime, introduced in October 2023, required firms to comply with enhanced advertising and disclosure standards. During this period, existing Bitpanda customers in the UK were still able to access their accounts, though new user registrations were paused. “With this new approval for brokerage services, we will be able to offer access to over 500 cryptocurrencies as well as staking, savings plans, and other services,” Enzersdorfer-Konrad confirmed. While the firm’s UK retail expansion is new, Bitpanda has operated in the UK since 2021 as a registered crypto custody provider for business clients and has maintained a local team to support its operations. Bitpanda’s UK Offerings Mirror EU Market Structure Bitpanda’s expansion into the UK follows its recent regulatory success in the European Union. On January 23, 2025, the company secured a license under the EU’s Markets in Crypto-Assets Regulation (MiCA) framework, enabling it to operate across all 27 EU member states under a unified regulatory regime. Enzersdorfer-Konrad emphasized that Bitpanda’s UK crypto offerings will closely align with its EU services, without introducing any UK-specific tokens. “Our range is constantly expanding, with over 100 new coins listed last year alone,” he stated. “While we’ll always look to provide the best possible range of cryptocurrencies to our users, there are no plans currently to list UK-specific coins. Therefore, our crypto offer in the UK won’t differ from that in the EU.” Bitpanda Will Not List Tether’s USDT in the UK or EU As MiCA regulations tighten oversight on digital assets, several major exchanges, including Coinbase, Crypto.com, and Kraken, have begun delisting certain tokens to remain compliant. Among these is Tether’s USDT, the largest stablecoin by market capitalization. Bitpanda confirmed that it will not offer USDT to its clients in the UK or the EU, in line with regulatory guidelines. Bitpanda Strengthens Its Position in the European Crypto Market With FCA approval secured, Bitpanda is now positioned to expand its footprint in the UK, leveraging its strong regulatory framework and broad asset offerings. The move reinforces the firm’s strategy of providing secure and compliant digital asset services while aligning with evolving regulatory landscapes in the UK and Europe. BitcoinBitpandaCrypto ExchangeCryptocurrencyFCA 0 FacebookTwitterPinterestEmail Author Profile Posts by the Author Bitcoin Drops to $86,000 Triggering $1.6 Billion in Liquidations Solana Stakers Reduce Deposits as SOL Price Declines OKX Reaches $500 Million Settlement with U.S. DoJ Over Compliance Violations Franklin Templeton Joins the Solana ETF Race, Potentially Integrating Staking Rewards Pi Network Token Plummets 65% After Mainnet Launch Amid Legitimacy Concerns SEC Accepts CoinShares XRP ETF Application for Review Jacob Ezra Freelance News writer, and Editor. previous post Sol Strategies Named Staking Provider for 3iQs Proposed Solana Staking ETF in Canada next post Ripple, Galaxy Execs Provided $160M Loan to MoonPay to Support TRUMP Memecoin Launch You may also like Bitcoin Drops to $86,000 Triggering $1.6 Billion in... February 25, 2025 Solana Stakers Reduce Deposits as SOL Price Declines February 25, 2025 OKX Reaches $500 Million Settlement with U.S. DoJ... February 25, 2025 Franklin Templeton Joins the Solana ETF Race, Potentially... February 24, 2025 Pi Network Token Plummets 65% After Mainnet Launch... February 21, 2025 SEC Accepts CoinShares XRP ETF Application for Review February 19, 2025 U.S. Crypto Investors Continue to Embrace Memecoins Despite... February 19, 2025 Wintermute Eyes U.S. Expansion Amid Strategic Growth Plans February 19, 2025 FTX Begins Initial $1.2 Billion Payout to Creditors February 18, 2025 Ethereum Layer-2 Abstract Investigates Wallet Drain, Possible Link... February 18, 2025